greatbabfx

greatbabfx Updated 

Following a bearish surge, there are indications that a bearish flag may be in the process of forming, although it has not yet been completed. A test of the selling zone, as highlighted on the chart, seems likely, presenting an opportunity to initiate a sell position. To mitigate risk, our strategy involves adjusting the stop-loss after observing initial downward...

greatbabfx Updated 

After a bullish surge, a bull flag has emerged, indicating a distribution phase. Our strategy involves patiently anticipating a breakout above both the resistance level and the upper boundary of the bull flag. Once this occurs, entry confirmation relies on a robust impulsive bull candle, followed by the implementation of our confirmation strategy. To manage risk,...

greatbabfx Updated 

The GBPAUD is exhibiting a favorable potential for an upward movement. To assess possible trading opportunities, scrutinize the 4-hour chart where the current price is situated near the resistance level of 1.93339. If this level is convincingly surpassed by a robust and healthy bullish candle, it could signal an opportunity to achieve TP1. Furthermore, should the...

greatbabfx Updated 

A favorable selling zone is identified around 0.88388 or any area within the sell entry range. The target is the green area, representing the demand zone on the daily chart. If this demand area is substantially breached by a robust and healthy candle with high momentum, it suggests the possibility of further downside movement. Kindly boost and comment on my post....

greatbabfx Updated 

Illustrated on the chart are two potential trading approaches for GBPAUD. First, consider entering a buy position within the highlighted "buy area"/demand area. Additionally, if the channel is successfully broken, it may trigger a further upward push towards last week's TP1, and a breach beyond TP1 could potentially lead to continued upward movement. Kindly boost...

greatbabfx Updated 

The AUDNZD concluded last week on a positive note, signaling a prevailing influence of buyers. To consider trading opportunities, examine the 4-hour chart where the formation of a bull flag appears to be underway. Seek a robust, healthy candle to breach the upper channel, targeting TP1. Additionally, a strategic approach could involve placing a buy order from the...

greatbabfx

The CADJPY ended the previous week on a high note, suggesting a prevalence of buyer dominance. To explore potential trading opportunities, analyze the 4-hour chart where a bull flag has formed and been broken, placing us in the buying zone. The next objective is reaching TP1, and progressing towards TP2. If the area around TP1 is breached by a strong impulsive...

greatbabfx

The GBPCHF closed on a high note last week, indicating a dominance of buyers. To potentially trade this, observe the 4-hour chart where a bull flag seems to be forming. Look for a strong, healthy candle to break the upper channel, targeting 1.10800 as TP1. If there's another upward movement with a robust impulsive buying candle beyond TP1, consider aiming for TP2....

greatbabfx

The green box is a possible area to buy, fib retrac level of 61.8 and 79 area + trendline break with lots of rejection around this area the previous week. 75pips-100pips profits is possible.

greatbabfx

AUDUSD could sell from current zone if it shows good confirmation pattern in the blue box. Falls on 61-79 Fib Retracement and also a supply area. I watch for M shape for confirmation in the blue box on 15mins....30-50pips TP.

greatbabfx

GBPCAD had a rejection at a SUPPORT ZONE - price was pushed back up from the zone - making it a demand zone , more buyers are coming in, this area falls on my 61-79% fib retracement on 4HR chart, and falls on a uptrend line. BUY is possible at the zone indicated on my chart and the chart says the rest. NOTE: Use proper risk management! Locking, taking partial...

greatbabfx

GBPUSD had a rejection at a SUPPORT ZONE - around 1.2340, price was pushed back up from the zone - making it a demand zone, more buyers are coming in, this area falls on my 61-79% fib retracement on 4HR chart, and falls on a uptrend line. BUY is possible at the zone indicated on my chart and the chart says the rest. NOTE: Use proper risk management! COMMENT PLS -...

greatbabfx

Support zone is sported on AUDUSD current price area and a rejection showing possible bounce back to the upside, couple with a 4hr Chart Uptrend line could be good chance to buy if on a retest of the support zone with a bullish Candlesticks Patterns could signal a buy. NOTE: Wait for confirmation before jumping on this trade. Clue: Candlesticks Patterns LIKE...

greatbabfx Updated 

A reversal is possible around 1.2434 area which is a support zone. This could rack up to 50-100pips to the downside IF fulfilled. NOTE: Wait for confirmation before jumping on this trade. Clue: Candlesticks Patterns LIKE - evening star candlestick, engulfing etc..., can indicate reversal after hitting this support zone. This analysis is invalid if SUPPORT ZONE is...

greatbabfx

Looking through this structure, clear top could only be seen at 1.24473, using this top 61-79 Fib Retracement falls Close to the Upper Part of the extended descending Channel, and around a RESISTANT ZONE, Sell is still possible if this area holds. A break above this zone (true break) might open GBPUSD to another round of BUYING TREND. NOTE: I think this is very...

greatbabfx

GBPAUD formed a descending channel, formed HL , new LLs and deeps, a retracement is expected to Fib 61-79 Retracement level, and still aligns with the 4hrs descending trend and also falls on resistant zone. The chart explains the rest. NOTE: I think this is very important in case you are are using part or some of my post trading ideas to make decision on the...

greatbabfx

NZDCAD is still descending and obeying the 4hr trendline like last week, I think 0.8550 area can be a good area to SELL. Using price action - structure is broken and a new HL and LL were formed. This predicted SELL area falls on 61 to 79% on Fib Retracement Level, still a support zone , and align with the 4hr descending trend. NOTE: I think this is very important...

greatbabfx

After making LLs and good fundaments that favors USD today, I still think GBPUSD could still hit 1.2000 zone/area before completing the down trend for the week. Couple with Fib Retracement 61-79 Area + 4hr falling trend. SELL around 1.1990 -1.200 zone is still possible before the week ends. PROPER RISK MANAGEMENT APPLYS.